Monday 26 September 2011

Review Hundreds of Personal Finance Books!

There are hundreds of books about personal finance and many of them are likely to have some insight or new technique that can improve our approach to money management and investing. But how can you work your way through them without spending a lot of time and money - and how can you separate the grains of truth from the chaff of puffery?

Well, (for once on the DIY Income Investor) you don't have to do it all yourself - someone's already done the hard work and summarised the key ideas. Now you can find the books that look like they will really interest you.

The avid reader of personal finance books is the author of The Simple Dollar blog - Trent Hamm - and his impressive list of books reviewed is here. I haven't counted but there must be a couple of hundred. And the reviews that I've checked are pretty thorough and informative.

For example, like many people, I've read Rich Dad Poor Dad (with mixed feelings). The review led me to an incredible diatribe about the book and author, which confirmed some of the misgivings I had had.

By contrast, the review of the classic A Random Walk Down Wall Street hit a pretty good balance in summarising the key ideas in an easily digestible form (and concludes by recommending the book - which I heartily agree with).

But there is so much new to me here that I will be spending the coming months trying to get familiar with some of the books that he has reviewed - and following up in more detail those that seem to be promising.

Happy reading! And thanks Trent!

I am not a financial advisor and the information provided does not constitute financial advice. You should always do your own research on top of what you learn here to ensure that it's right for your specific circumstances.

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